U.S. Battery Production Set To Decline 75% Under Trump’s ‘Big Bill’

Last week, the U.S. House of Representatives narrowly passed what's been dubbed the “big, beautiful bill”, with the legislation designed to leverage deep cuts to the Inflation Reduction Act (IRA) credits to pay for tax cuts, immigration enforcement and extra spending on defense. The contentious bill is now headed for the Senate, where it faces its final test, with all Democrats but only a handful of GOP lawmakers critical of the huge increase it will bring to the national debt. According to a recent analysis by the International Council…